Stage Stores Up 6.1% On Revenue Forecast (SSI)

Shares of Stage Stores, Inc. SSI are trading up 6.1% at $14.34 per share during the Thursday afternoon trading session. The day's trading range for shares of Stage Stores, Inc has been between $13.93 and $14.62 per share. Analysts covering the company's stock give it a consensus price target of $15.33 per share. Volume of 186,000 shares is still well below the daily average volume of 246,000 shares. Stage Stores, Inc. (SSI) released financial results on Thursday morning. Stage Stores, Inc announced 3rd quarter earnings per share of 18 cents, on revenue of $331.85 million. According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for a loss of 18 cents per share, on revenue of $333.5 million. However, investors may have been encouraged by the company raising its revenue guidance. President and Chief Executive Officer Andy Hall said, “We are now forecasting an increase in comparable store sales for the fourth quarter of 1.0% to 3.0%. We look forward to providing our customers with exceptional service, selection and value throughout the holiday shopping period.” Read more from Benzinga's Company news.